SINGAPORE: Oversea-Chinese Banking Corp. aims to expand its lending to environmentally-friendly projects after this year building the biggest exposure to green loans among its Southeast Asian peers.
The bank has built a team of five to focus on sustainable financing after foraying into green loans last year and is looking to add bankers, said Mike Ng, the Singapore bank’s head of structured and sustainable finance. So far in 2019, OCBC has participated in more than US$500mil of green lending, according to data compiled by Bloomberg.